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Daily Archives: November 11th, 2007

Market Forecast for Week of 11/12 (Part II): Sector Watch

XLF (financial sector)

It’ll be very important to watch the financial sector now, as much of the recent bad news is coming out of this sector. XLF held up really well on Friday, losing only 0.76%! It also closed above the support at $30. We’ll have to see it above $31.5 to establish […]

Market Forecast for Week of 11/12 (Part I): SPX, Nasdaq

Another volatile and crazy week! The Dow lost over 550 points for the week; SPX gave up more than 55 points; Nasdaq went down over 180 points! The trading ranges on some of the high-flying stocks were huge! GOOG, for example, traded above $747 can closed on Friday at $663.97, a difference […]